Property Details
300 Charlotte Avenue
Mount Holly
$4,250,000
MLS Number: 4388531
Status: Active
Description
THE PROPERTY - The 28 at Mount Holly is a 28-unit townhome community situated one block from downtown Mount Holly, NC — approximately 20 minutes from Uptown Charlotte. Every unit is a two-bedroom, one-and-a-half bathroom townhome averaging 1,000 square feet, featuring in-unit washer/dryer hookups, private patios, and fully renovated interiors. Following a comprehensive $1.4M renovation completed in 2025, the Property offers investors a turn-key, low-maintenance multifamily asset in one of the Charlotte MSA's most accessible suburban markets. $1.4M IN RECENT CAPITAL IMPROVEMENTS - A property-wide renovation completed in 2025 addressed every major component— exterior and interior — with no near-term capital requirements for a new owner. Improvements include: New parking lot overlay, exterior paint, gutters & downspouts, full HVAC replacement across all units, new windows, sliding glass doors, and smart lock front doors. Add'l Interior upgrades: new cabinets and shelving, granite countertops and backsplash, luxury vinyl plank flooring, and stainless steel appliances. The property also has recently implemented individual water/sewer sub-metering, eliminating a significant landlord expense, and a bundled cable & internet package, generating incremental NOI while offering a convenient service. PROVEN RENT GROWTH WITH REMAINING UPSIDE - The seller's post-renovation lease-up strategy has produced a current averagein-place rent of $1,314/month, with rents ranging from $1,275 to $1,440 across the property. The $165 spread between the lowest and highest in-place rents— achieved within the same renovated unit type — demonstrates clear market acceptance at the top of the range. A new owner has a straightforward path to capture loss-to-lease as below-market leases roll, with no speculative assumptions required. MAIN & MAIN LOCATION - The Property sits one block from the heart of downtown Mount Holly — home torestaurants, coffee shops, breweries, and the Carolinas' oldest legal distillery. Convenient access to I-485 connects residents to Uptown Charlotte, Gastonia, and major employment corridors throughout the MSA. Notably, the Olde Mecklenburg Brewery is opening a Beer Garden and Tap Room in downtown Mount Holly in Fall 2026, with planned mixed-use development and an extensive renovation of Veterans Park further cementing the area's trajectory as a destination submarket. The Property is located within a FEMA-designated flood zone and was impacted by Hurricane Helene in 2024. Ownership undertook landscaping remediation to reducefuture exposure, and the Property carries flood insurance. Buyers should review applicable flood zone designations as part of their due diligence.
Location |
|
|---|---|
| Address | 300 Charlotte Avenue Mount Holly |
| County | Gaston |
Overview |
|
| Bedrooms | 56 |
| Full Bathrooms | 28 |
| Half Bathrooms | 28 |
| Square Feet | 28000 sqft |
| Lot Size | 1.87 acres |
| Year Built | 1973 |
General |
|
| List Price | $4,250,000 |
| MLS Number | 4388531 |
| Status | Active |
| Office | Greysteel North Carolina LLC |
Schools |
|
| Elementary | Rankin |
| Middle | Mount Holly |
| High | Stuart W Cramer |
Features |
|
| Type | Apartment |
| Parking | Parking Lot |
| Water/Sewer | City |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 06/12/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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